Is China heading for a Japanese-style bubble?

An audio version of the best of the Financial Times's Big Reads — in-depth reporting from FT correspondents around the world. Listen to longform stories that explore and explain key themes in world news, science and business. Produced by Anna Dedhar.

Rising house prices and stock market values are fuelling fears of an implosion like the one that dogged Tokyo for decades and President Xi Jinping has urged China's leadership to safeguard their country's financial security, say Leo Lewis, Tom Mitchell and Yuan Yang.